Wild ride after the central bank moves
Buying the Nikkei 225 last week was a good trade, if you did it with US dollars. The index dropped 4% after the BOJ decision but the yen rallied even more. In US dollar terms, it climbed 0.8% on the week.
Overall, commodity stock markets did well last week while US and European shares struggled. There is little talk about China at the moment. The market was nearly frozen last week in a screaming signal officials are intervening to curb volatility.
The final column is how the market performed in USD terms
